BMO Harris Confirms Merger Plan For High Net Worth Business

Vanessa Doctor

24 June 2010

BMO Harris Investment Management is proposing a change to its high net worth offering, effective 24 September this year.

The BMO Harris Growth Opportunities Portfolio will soon be merged into the BMO Harris Canadian Growth Equity Portfolio, as part of a strategy to refine operations. The company will seek regulatory approval for the proposed merger, which will also likely require investors' go signal.

A meeting is scheduled for around 23 September to finalize plans.

BHIMI provides investment management services to high net worth individuals and families. Holders of units of the BMO Harris Growth Opportunities Portfolio will receive units of the BMO Harris Canadian Growth Equity Portfolio upon completion of the merger.